Mountain Valley Pipeline Announces Plan to Offset Carbon Impacts
Although Mountain Valley Pipeline (MVP), a 303-mile project from West Virginia to southern Virginia to flow Marcellus/Utica molecules south (critically needed) is under withering attacks by America-hating leftists, the project soldiers on and (we hope) will get completed. Part of the charade the project must engage in to get finished is bowing to the global warming gods. The latest attempt to appease the warming gods is an announcement yesterday by MVP that it will purchase “carbon offsets” (the old Catholic equivalent of buying indulgences for sins) to help the builder, Equitrans, reach its goal of mythical net-zero carbon emissions by 2050.
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Antis and leftwing environmentalists in New Jersey continue their mission to block more natural gas from flowing to New York City, threatening the residents of the city, by attacking two compressor stations in the NJ suburbs. The latest conscripts to the holy mission of defeating “fossil fuels” can be found among the weaklings who sit on the Vernon Township (NJ) Council, who voted 4-1 to oppose a proposed expansion of Tennessee Gas Pipeline Company’s compressor station in Wantage (Sussex County).
One year ago, in July 2020, we brought you the bombshell news that Dominion Energy was calling it quits in the pipeline business, abandoning the Atlantic Coast Pipeline project (on which they had already spent billions of dollars) and selling its existing (extensive) pipeline network to Warren Buffett for $9.7 billion (see
Back in January MDN told you that UGI Corporation, one of Pennsylvania’s largest natural gas utility companies, wants to buy Mountaineer Gas Company, one of West Virginia’s largest natural gas utility companies, for $540 million (see
Last week MDN told you that Detroit-based utility company DTE Energy was about to spin off its pipeline assets into a new/separate company called DT Midstream (see
Last week MDN told you about an unplanned outage at two MarkWest natural gas processing plants located in West Virginia (see
Patterson-UTI Energy, which operates 15 active rigs in the Marcellus/Utica (out of 45 active M-U rigs, or fully one-third of all active M-U rigs) announced yesterday it is buying a smaller competitor, Pioneer Energy Services Corp., for approximately $295 million. Patterson will add Pioneer’s fleet of 16 super-spec drilling rigs to Patterson’s own current fleet of 150 super-spec drilling rigs in the U.S. What are super-spec rigs?
The Supreme Court decision from earlier this week allowing PennEast Pipeline to use the federally delegated power of eminent domain to cross tiny pieces of land owned (or controlled by) New Jersey is still reverberating across the country (see
As encouraging (indeed critical) as this week’s Supreme Court decision was and is for the PennEast Pipeline, a 120-mile 1.1 billion cubic feet per day (Bcf/d) pipeline from northeastern Pennsylvania to New Jersey, the court victory does not automatically mean the pipeline will get built. Not one square inch of pipe has been laid yet. What are the potential obstacles that could derail the project?
Earlier this month MDN brought you the sad news that Enbridge’s Texas Eastern Transmission (TETCO) pipeline is being flow-restricted by the Pipeline and Hazardous Material Safety Administration (PHMSA). Some 40% of the Marcellus/Utica molecules that flow through TETCO’s pipeline to destinations in the southeastern U.S. have disappeared and will stay that way until the end of September (see
Yesterday MDN brought you the news that the U.S. Supreme Court decided that yes, the PennEast Pipeline *can* use federally-delegated eminent domain in order to install a pipeline across New Jersey state-owned land after all (see
As we previously predicted would happen, New Jersey lost its Supreme Court case to block PennEast Pipeline from using eminent domain to cross NJ-owned or controlled land. This was a critical case to prevent blue states like NJ, and New York, and California from blocking ALL new interstate pipelines aimed at crossing states to deliver product from other states. NJ’s lawless action was an overt attempt at blocking interstate commerce and a direct challenge to one of the purposes of the Natural Gas Act, passed in 1938. Disappointingly PennEast won by only one vote. Still, it’s a victory!
Last October MDN told you that DTE Energy, a long-time pipeline builder and operator in the Marcellus/Utica region, was considering either selling or spinning off its pipeline business (see
On June 3 we published a post posing the question of whether or not the U.S. Army Corps of Engineers would delay the already-years-delayed Mountain Valley Pipeline (MVP) for yet another year (see